The Wendy's Company WEN is one of the leading quick-service restaurant companies that serves hamburgers, chicken breast sandwiches and wraps, chicken nuggets, chili, baked and French fried potatoes, freshly prepared salads, soft drinks and Frosty desserts.The company has been focusing on its system optimization initiative since 2013. The system optimization initiative is aimed at changing the business to a franchise-based model. Though the reduction in ownership is currently weighing on near-term revenues, franchising a large chunk of its system is helping to lower overhead expenses.Meanwhile, investors should also note the recent earnings estimate revisions for WEN, as the consensus estimate has been stable. WEN’s earnings have been mixed over the past few quarters. Wendy’s has missed earnings in one of the trailing four quarters, whereas the company has posted a positive surprise in the remaining quarters. Meanwhile, revenues have missed in two of the trailing four quarters.Currently, WEN has a Zacks Rank #2 (Buy) but that could change following Wendy’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: WEN beats on earnings. Our consensus earnings estimate called for EPS of 6 cents share, and the company reported EPS of 11 cents. Investors should note that these figures take out stock option expenses.Revenues: WEN reported revenues of $379 million. This beat our consensus estimate of $351 billion.Key Stats to Note: Comps at North America company-operated restaurants increased 3.6% in the reported quarter.Wendy’s increased its earnings guidance and now expects 2016 adjusted earnings per share to be 38 cents to 40 cents than its previously guided range of 35 cents to 37 cents per share. The company expects same-restaurant sales at company-operated restaurants to be at 3% for the North America system.The company is also increasing its 2016 outlook for restaurant operating margins and expects it to be in the range of 18.5% to 19%. The company expects its commodity costs to decrease 3% compared to 2015.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WENDYS CO/THE (WEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research